GLENMARK trade ideas
IF SUSTAINSIf SUSTAINS ABOVE 341 long for TGTS of 345-348-352 INTRADAY OPPORTUNITY.
This is just a view....
Glenmark 23rd april Buy above :- 320.50
Targets :-324 / 326 / 328
Stoploss :- 316.70
Sell Below :- 316
Targets :- 314 / 311 / 308
Stop loss :- 320.20
Good luck
Go with trend.
Go Short on Glenmark Pharma for a target of 272For last 3 trading days, Glenmark Pharma is not able to move upwards and is moving in the range of 310 to 341, on a daily chart, it has resistance at 330. To short for a target of 272 with a stop loss of 345
GlenmarkBuy above 324 with the stop loss of 320. Targets are 328, 332 and 336. Sell below 312 with the stop loss of 316. Targets are 308, 304 and 300.
GLENMARK : INTRADAY LONG DT 15TH APRIL,2020THE CANCLE HAS BROKEN THE RESISTANCE AT 235 AND IT IS ABOVE EMA 50. IT CLEARLY SHOWS IN UPWARD TREND.
TARGET - 316
Glenmark broke the weekly trend line Glenmark closed above 300 breaking the weekly trendLine.Wait for the price action it can retrace till support 300 or weekly trendline and can
give good upward move. Don't try to short wait for the long opportunity only.While one can do very short term Short trade during the retracement.
Blue horizontal line indicates 300
Light pinkish line are weeky support and resistance.
GLENMARK viewAlready the rally has been started in GLENMARK PHARMA, We are in the Impulse wave right now.
Three way possibilities, either the price can go up till 354.60 ,414.25 or 473.85 levels as per weekly time frame.
After reaching out the Target, we can expect a big fall in the price as per 5th wave
Glenmark10. Sanofi- now trading near recent resistance levels 7,600-7,650. We can see a possible reversal from here or if stock able to cross these levels we can see a strong upside towards 8,000-8,300 levels.
#Technicalanaysis
GLENMARK, Idea for Profit 7-Apr 2020Price Action : Symmetrical triangle pattern.
Buy above : 219 (after pullback & continuation)
Short below : 208 (failed breakout is confirmed)
Always follow risk management while trading. Saving capital is more important than profits.
Kindly join me for more price action based charts for learning. I regularly post many intraday calls along with charts and logic behind them to help new traders learn true potential of price action trading. Reach out for more details.
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Regards
Piyush Gupta
GLENMARK, Idea for Profit 02-Apr 2020Price Action Pattern : Symmetrical Triangle
Breakout expected either side, down side more probable.
Always follow risk management while trading. Saving capital is more important than profits.
Kindly join me for more price action based charts for learning. I regularly post many intraday calls along with charts and logic behind them to help new traders learn true potential of price action trading. Reach out for more details.
-----------------------------
Regards
Piyush Gupta
DIVERGENCE Long GlenmarkeJust noticed a DIVERGENCE in Glenmark.
Put your support and resistances and trade.
Also comment your view. I will be happy to reply.
